Tilt the scales: The industry struggles to appeal to the growing number of overweight individuals

Over the five years to 2017, the Weight Loss Services industry has struggled to appeal to the growing number of overweight or obese individuals, in part due to external competition, namely from healthcare providers. However, the industry has benefited from robust demand for its meal replacement products, which typically appeal to time-strapped consumers due to convenience. Further strengthening demand, some health-conscious consumers have also used meal replacements and vitamins to supplement their nutritional intake, providing a new customer base for the industry. Over the five years to 2022, continued sales of such products, as well as a burgeoning elderly population and increasingly health-conscious population, will help the industry return to a rate of growth...read more.

Industry Statistics & Market Size
Revenue
$237m
Annual Growth 12-17
-3.6%
Forecast Growth 17-22
Profit
Employment
4,079
Businesses
292
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from robust demand for its meal replacement products
  • A low level of external competition has characterized the industry’s landscape
  • External competition will increase as more individuals are expected to receive weight loss surgery
  • Industry Report - Industry Key Buyers Chapter

    The Weight Loss Services industry is characterized by a low level of market share concentration. In 2017, the top three weight loss companies are expected to make up 33.8% of industry revenue. Over the past five years, the industry has become more concentrated, thanks to many global weight loss companies expanding to include the Canadian market. Overall, the industry is highly fragmented and consists of numerous small weight loss companies that cater to local demand in a particular province or territory.Furthermore, some companies have solely offered online weight loss counselling services, which cuts operational costs related to having brick-and-mortar weight loss centres. In ...purchase to read more.

    Additional Insights for the Weight Loss Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Weight Loss Services Industry are

  • Ability to provide goods/services in diverse locations
  • Receiving the benefit of word of mouth recommendation
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Total health expenditure in the Weight Loss Services industry impact industry performance..

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    What's in this report

    What is the Weight Loss Services Industry?

    This industry provides nonmedical services to help clients lose weight or maintain a desired weight. Services include counselling, menu and exercise planning and weight and body measurement monitoring. Industry operators also sell food supplements and other weight reduction products. This industry does not include fitness centres, health resorts or medical weight education services.

    Industry Products
  • Food supplements
  • Nonmedical weight loss programs for adults aged 18 to 34
  • Nonmedical weight loss programs for adults aged 35 to 44
  • Nonmedical weight loss programs for adults aged 45 to 64
  • Nonmedical weight loss programs for adults aged 65 and older
  • Nonmedical diet management services
  • Industry Activities
  • Operating nonmedical weight loss centres
  • Individual or group counselling for weight loss
  • Diet workshops
  • Selling food supplements and other weight reduction products
  • Menu and exercise planning
  • Weight and body measurement
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Total health expenditure
  • Demand from general medical and surgical hospitals
  • National unemployment rate

  • Current Performance
  • Industry landscape
  • Expanding customer base
  • Chart: Revenue Growth

  • Industry Outlook
  • External competition
  • Enterprises and employment
  • Table: Weight Loss Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Weight Loss Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Advertising Agencies in Canada
  • Couriers & Local Delivery Services in Canada
  • Frozen Food Production in Canada

  • Products & Services
  • Nonmedical weight loss programs for adults aged 18 to 34
  • Nonmedical weight loss programs for adults aged 45 to 64
  • Nonmedical weight loss programs for adults aged 65 and older
  • Nonmedical weight loss programs for adults aged 35 to 44
  • Nonmedical diet management services
  • Food supplements
  • Chart: Weight Loss Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 45 to 64
  • Individuals aged 18 to 34
  • Individuals aged 65 and over
  • Individuals aged 35 to 44
  • Chart: Major Market Segmentation for the Weight Loss Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Chart: Cost Structure Benchmarking – Sector vs Weight Loss Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Weight Loss Services Industry

  • Industry Globalization
    Weight Watchers International Inc.,
  • Table: Weight Watchers International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Weight Loss Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Weight Loss Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Body Mass Index (Bmi)
  • A measure of body weight based on a person's weight and height, which is used to estimate a healthy body weight.
  • Gastric Balloon Procedure
  • A doughnut-shaped inflatable polyurethane cylinder designed to decrease stomach volume and help lower hunger.
  • Gastric Bypass
  • Surgery that lowers the patient's stomach size, helping obese patients restrict their food intake.
  • What Our Customers Say

    Why buy this report?

    The Weight Loss Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Weight Loss Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Weight Loss Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Weight Loss Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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